Gifts of Stocks
Donating appreciated securities, including publicly-held stock or mutual fund shares, is an easy and tax-effective way for you to make a gift to Catholic Community Foundation of Minnesota.
Benefits of Gifting Stock
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Help you achieve your charitable goals
How to Make a Gift of Stock
By electronic transfer. Please contact us for instructions on how you can transfer stock from your brokerage or investment account to Catholic Community Foundation of Minnesota.
By certified mail. If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
There are special rules for valuing a gift of stock. The value of a charitable gift of stock is determined by taking the mean between the high and low stock price on the date of the gift. Mutual fund shares are valued using the closing price for the fund on the date of the gift.
If you have any questions about gifts of stocks, please contact us. We would be happy to assist you and answer any questions that you have.